Older generations still view Social Security as a viable source of retirement income. But younger workers aren’t confident it will be there for them when they finish their careers.
According to research firm Cerulli Associates’ latest U.S. Retirement Edition study, more than half (56%) of retired 401(k) participants say Social Security is their primary source of income, while only 7% of current retirees rely on personal retirement accounts as their primary source of income.
